AYN 0.00% 0.1¢ alcyone resources ltd

Ann: Investor Presentation , page-27

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  1. 12,639 Posts.
    >Really? How will they achieve that production rate? Even the company aren't bold enough to forecast that far ahead.

    You should know that the company has put out a forecast of 1-1.2 million ounces for the June 2013 period.

    The reason that it is only 1-1.2 million ounces for that period is due to the ramp up phase.

    The period for June 2014 will be a substantial improvement on that as they will be running at full speed for the entire period therefore it is quite conceivable that the company will produce in excess of 1.5 million ounces for that period.

    To deny it would be likened to having your head in the sand.
 
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